Kerry Properties

Hong Kong’s Kerry Properties first half profit climbs 21 per cent

 A general view of The Summa at Sai Ying Pun, one of the properties developed by Kerry Properties. Photo: Jonathan Wong

Kerry Properties announced on Thursday that profit attributable to shareholders – excluding the HK$607 million revaluation gain on investment properties - rose 21 per cent to HK$2.18 billion in the first half this year.

Thursday, 20 August, 2015, 10:04pm

Kerry Properties eyes Qianhai development

Kerry Everbright City in Shanghai. Chairman Wong Siu-kong said a number of prime projects were scheduled to be launched, including residential developments in Zhijiang, Hangzhou, and Nanjing’s Bai Xia district and office units at Kerry Everbright City phase III in Shanghai.

Kerry Properties says it plans to develop a residential-office project in Shenzhen's special economic zone at a total investment cost of six billion yuan (HK$7.47 billion) after the developer reported underlying profit dipped 1 per cent to HK$4.38 billion last year while turnover saw a year-on-year 5 per cent increase to HK$14.66 billion.

18 Apr 2015 - 6:15pm

Kerry Properties wins tender for Kowloon Tong site for HK$2.39 billion

A shot of the Bayview residential project developed by Kerry Properties, which won the bidding for a site in Kowloon Tong. Photo: Nora Tam

Kerry Properties outbid 19 rivals to win the government tender for a residential site in Kowloon Tong for about HK$2.39 billion in the most expensive plot sold by the government in Kowloon.

11 Feb 2015 - 8:05pm

Kerry Properties sees underlying profit fall 6pc

Kerry Properties chairman Wong Siu-kong said that there is no broad trend for real estate price cuts on the mainland, with only some individual cases seen. Photo: Felix Wong

Kerry Properties said underlying profit fell 6 per cent to HK$4.41 billion in 2013 while maintaining it wants to achieve 12 per cent growth in its contracted sales in Hong Kong and on the mainland this year.

18 Mar 2014 - 1:14am

Kerry Properties offering discounts of up to 15.8 per cent on new project

Known for luxury homes in the Mid-Levels, such as Soho 38, Kerry said it is pricing The Summa with reference to its own projects, as there is little new supply in Sai Ying Pun. Photo: Jonathan Wong

Kerry Properties is offering a total discount of 15.8 per cent, including a stamp duty subsidy of as much as 8.5 per cent, to boost sales at The Summa, its residential project in Sai Ying Pun to be launched next week.

After that discount, the average price of the first 50 units at the 168-unit project is HK$22,989 per square foot.

3 Jan 2014 - 3:18pm 1 comment

Kerry looks to spin off logistics operations

One challenge facing Kerry Logistics is weak global trade.

Kerry Properties intends to spin off its logistics arm in a Hong Kong listing, the firm said in a filing with the stock exchange yesterday, at a time when global trade is showing few signs of a strong recovery.

1 Aug 2013 - 5:50am

Kerry upbeat on launch of Bayview project in Ma Tau Kok this month

Bayview, the Kerry Properties project at 9 Yuk Yat Street in Ma Tau Kok, is complete and ready to hit the market. Photo: Nora Tam

Kerry Properties will launch its residential development Bayview in Ma Tau Kok by the end of this month, the fifth new project offered for sale since the new rule on primary flat sales took effect at the end of April.

26 Jun 2013 - 4:55am

Kerry still targeting HK$6b in sales

Kerry is waiting for a certificate of compliance for Bayview.

Chu Ip-pui, an executive director of Kerry Real Estate Agency, said yesterday an occupation permit for Bayview had been granted and a certificate of compliance was expected within a month. "Then we will be able to release the units for sale in a completed condition."

14 Jun 2013 - 3:49am

Kerry Properties aims for sales of HK$11 billion despite curbs

Kerry Properties aims for sales of HK$11 billion despite curbs

Kerry Properties has maintained its sales target of HK$11 billion for this year, despite banks raising mortgage rates and the government releasing a series of measures to cool the property market.

Executive director Steven Ho Shut-kan yesterday said the higher mortgage rates, cooling measures and new restrictions on property sales would definitely affect developers' sales strategy.

15 Mar 2013 - 4:37am

Kerry win shows low prices being offered for sites

The site was sold to Kerry Properties for HK$11.69 billion.

Kerry Properties has won a Ho Man Tin luxury residential site with a market-expected price of HK$11.69 billion, but the price is 18 per cent less than a neighbouring site sold for nearly three years ago.

14 Mar 2013 - 6:41am

SCMP Group halts trading after shares surge 23pc

Hong Kong's biggest English-language daily, the South China Morning Post. Photo: May Tse

In a filing with the Hong Kong stock exchange after the market closed, the company said it was "in negotiation with third parties regarding possible acquisition of a group of media companies in Hong Kong".

19 Feb 2013 - 5:18am

Tax will not hit sales this year, says Kerry

Kerry Real Estate Agency executive director Chu Ip-pui says most of its projects for sale this year target local buyers. Photo: Sam Tsang

Kerry Properties' three residential projects this year are unlikely to be hit by the new stamp duty, according to Chu Ip-pui, the executive director of Kerry Real Estate Agency.

7 Jan 2013 - 4:31am

Briefs, November 1, 2012

Investors OK takeover bid by News Corp

1 Nov 2012 - 4:48am

Kerry buys prime resort sites in West Lake region

Kerry buys prime resort sites in West Lake region

Kerry Properties yesterday snapped up five commercial and residential sites in Hangzhou for 2.5 billion yuan (HK$3.1 billion), continuing its aggressive acquisition of mainland sites in recent months.

20 Oct 2012 - 3:14am

Kerry Properties profits from strong Hong Kong sales

Kerry Properties, a developer of upmarket real estate in Hong Kong and on the mainland, posted 10 per cent year-on-year growth in net profit to about HK$3.39 billion for the six months to June 30.

24 Aug 2012 - 2:47am